Antalpha Platform Holding Company (NASDAQ:ANTA) Stock Short Interest Jumps 111.5%

Antalpha Platform Holding Company (NASDAQ:ANTA) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 5,940 shares, a growth of 111.5% from the September 15th total of 2,808 shares. Based on an average daily trading volume, of 76,988 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Antalpha Platform Stock Performance

Shares of NASDAQ ANTA traded up $0.14 during trading on Tuesday, reaching $2.54. 14,014 shares of the stock traded hands, compared to its average volume of 11,029. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a market capitalization of $60.87 million, a P/E ratio of 10.53 and a beta of 2.31. Antalpha Platform has a 52-week low of $2.05 and a 52-week high of $12.61. The company has a 50-day moving average of $3.38 and a 200-day moving average of $5.60.

Antalpha Platform (NASDAQ:ANTA) last announced its quarterly earnings data on Thursday, August 20th. The company reported ($0.47) earnings per share for the quarter. Antalpha Platform had a return on equity of 3.97% and a net margin of 7.94%. The firm had revenue of $2.41 million during the quarter. Analysts forecast that Antalpha Platform will post -0.20 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings started coverage on shares of Antalpha Platform in a research note on Wednesday, August 26th. They issued a “sell (d)” rating on the stock. Zacks Research lowered shares of Antalpha Platform from a “hold” rating to a “strong sell” rating in a research note on Friday, August 21st. Finally, B. Riley Financial decreased their price target on shares of Antalpha Platform from $9.50 to $7.50 and set a “buy” rating for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $7.50.

About Antalpha Platform

Antalpha Platform Holding Company Limited (NASDAQ: ANTA) is a financial technology company focused on providing digital asset-related financial services to institutional participants. Its business is primarily connected with the cryptocurrency and bitcoin-mining ecosystems.

The company offers financing and lending solutions designed for digital asset businesses, including bitcoin mining companies. It also provides services related to treasury management, collateral management and the procurement or financing of mining equipment, helping institutional customers manage capital and operational needs within the digital asset industry.

Antalpha serves customers internationally, with activities focused on markets where digital asset mining and related institutional services are established.